Budget Changes

Information about changes in the budget, news and updates

The Budget & Annuities

How has the latest budget affected annuity rates and annuity insurance providers.

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The Budget & Pensions

The most recent changes brought about by the budget and change in UK pension laws.

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The Budget & Retirement

Each year the government releases a budget for the nation – what about retirees?

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News and Updates


02.08.2015
Selling Your Annuity
From April 2017, there is going to be an oppottunity for pensioners to sell their annuity for a sum of cash

17.04.2015
Annual Savings Limits
The amount that can be paid into an ISA annually has been increased to £15,240 as of April 2015

18.03.2015
Lifetime Allowance
George Osbourne has announced a cut to the maximum amount that can be saved into a pension from £1.25m to £1m
The announcement comes as a blow to 4pc of the population

05.05.2012
Annuities
There is consultation in the government on allowing persons already in an annuity outside an occupational scheme, the opportunity to sell it on to a third party for cash.

Publications


HMRC – Gov.UK

The current draft legislation on changes to the taxation of annuities paid to benificiaries as announced by the chancellor in the 2014 Autumn Statement.
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